DNB Bank ASA

Transaction in Own Shares • May 4, 2020

Acquisition of shares by primary insiders

Acquisition of shares by primary insiders

Today, 4 May 2020, a total of 240,994 shares in DNB ASA were acquired on behalf

of certain leading employees and risk takers. The purchase was executed

collectively at an average price per share of NOK 120.2150.

The shares were acquired in accordance with the regulation on remuneration in

financial institutions etc., which states that at least half of annual variable

remuneration shall be awarded as shares and be subject to certain lock-up

mechanisms.

The employees have been given a compensation for decreased share value resulting

from the lock-up at approximately 10.6%.

A list of primary insiders of DNB ASA that have increased their shareholding is

attached.

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977

13 250